Why Does the Common Law Tend to Imply Terms at Law

question 5

Multiple Choice

Why does the common law tend to imply terms at law only to narrowly defined types of contract?

• A) The courts are barred by statute from implying terms into contracts of a very general nature.
• B) Courts may feel cautious about whether it is legitimate for them-as opposed to Parliament -to imply terms into contracts of a very general type.
• C) The court can only imply terms at law where a statute tells it to.
• D) None of the options given is correct.

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Definitions:

Denominated

Specified or expressed in terms of a particular currency or unit of measurement.

Speculate

To engage in a financial transaction with a high risk of losing value but also the potential for substantial gains.

Exchange Rates

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.

Foreign Currency

Money or other forms of payment used in international trade that are issued by foreign governments.